10 Feb 2020 14:29
The Quarto Group Inc
(the "Company")
Board Changes
The Quarto Group Inc (LSE: QRT) today announces the following director appointments with immediate effect:
Polly Powell is appointed as Chief Executive Officer of the Company's UK operations and Executive Director of the Company.
Polly Powell has worked in non-fiction publishing for more than thirty years. She was a member of the management team that acquired the book publishing business from Chrysalis Music Limited in 2004. In 2012, Polly became sole owner of what is now called Pavilion Books.
Polly will continue to serve on the board of Pavilion Books Holdings Limited. In addition, she is a Non-Executive Director of National Gallery Company Limited.
Polly said: "I am excited to be joining the Board of Quarto. I have enormous respect for CK, and I think that having Italian publisher and large bookstore chain owner, Giunti, as a major shareholder will be an exciting development for Quarto."
Andrea Giunti Lombardo is appointed as Non-Executive Director of the Company. Andrea is not considered to be independent.
Andrea is a member of the board of Giunti Editore S.p.A., the second largest publishing house in Italy and owner of the Giunti al Punto bookstore chain. He has been involved in different aspects of the publishing industry, and has extensive experience in finance, M&A and digital development. Andrea was also involved in the establishment of the Giunti Academy, a business management school in Italy.
Andrea said "I am very honoured to join Quarto's board of directors and hope to contribute to the development of this great, global publishing house."
Also today, Michael Mousley stepped down as Non-Executive Director of the Company.
No other details are required to be disclosed under Listing Rule LR 9.6.13.
C.K. Lau, Chief Executive Officer, said "I am delighted to welcome Polly and Andrea as directors. Their appointment today will give the Board a strong focus on product development.
"Michael Mousley returned to Quarto in May 2018 to assist with the Company's refinancing and restructuring plans which culminated in the recent open offer. I want to thank Michael for his many contributions to Quarto."
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The Legal Identifier of the Company is 549300BJ2WPX3QUATW58.
The Quarto Group Inc. | |
Michael Clarke, Chief Administrative Officer | +44 (0)20 7700 9006 |
About The Quarto Group
The Quarto Group (LSE: QRT) creates a wide variety of books and intellectual property products, with a mission to inspire life's experiences. Produced in many formats for adults, children and the whole family, our products are visually appealing, information rich and stimulating.
The Group encompasses a diverse portfolio of imprints and businesses that are creatively independent and expert in developing long-lasting content across specific niches of interest.
Quarto sells and distributes its products globally in over 50 countries and 40 languages, through a variety of sales channels, partnerships and routes to market.
Quarto employs c.330 talented people in the US and the UK. The group was founded in London in 1976. It is domiciled in the US and listed on the London Stock Exchange.
For more information, visit quarto.com or follow us on Twitter at @TheQuartoGroup.